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Scoresby suburb profile

Scoresby is a well-established suburb located in Melbourne's eastern region, approximately 29km from the CBD. Known for its family-friendly atmosphere, Scoresby offers a mix of residential, commercial, and industrial areas. The suburb is home to several parks and recreational facilities, providing ample opportunities for outdoor activities. Scoresby is also conveniently situated near major roadways, including the EastLink tollway, enhancing connectivity to other parts of Melbourne. With a variety of schools, shopping centers, and community services, Scoresby is a desirable location for families and professionals seeking a balanced suburban lifestyle.

Scoresby property market performance

Property growth+7.2%Past 12 months

Scoresby's property market has shown modest growth over the past 12 months, with house values increasing by 3.0%. The current median house price stands at $1 million. However, the unit market has remained inactive, with no sales or price changes reported.

In terms of sales activity, 15 houses were sold over the last 12 months, with houses spending a median of 28 days on the market, indicating a relatively brisk pace for house sales. The unit market, however, has seen no activity, reflecting a lack of demand or supply in this segment.

The rental market for houses in Scoresby has experienced a 7.4% increase in average rent over the last 12 months, reaching $628. The unit rental market remains inactive, with no reported changes or activity.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
4.1%N/A
Sold
Past 3 months
5N/A
Median days on market
Past 12 months
29N/A
Average rent
Past 12 months
$630N/A
Change in rent
Past 12 months
5.9%N/A

5 year median price trend for houses and units

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Scoresby demographics

Scoresby, located in Melbourne's eastern suburbs, offers a serene and family-friendly environment, making it an attractive choice for those seeking a suburban lifestyle. With a population of 6,066 and a median age of 40, Scoresby is home to a mature community that values stability and comfort. The suburb is characterized by a significant proportion of couple families with children, accounting for 52.3% of the population, highlighting its appeal to families looking for a supportive community to raise their children.

The housing landscape in Scoresby is predominantly owner-occupied, with 35.3% of properties owned outright and 41.7% owned with a mortgage. This indicates a strong sense of community and long-term residency among its inhabitants. The rental market is relatively small, with only 23% of properties being rented, which suggests a stable and settled population. The median total household income of $1,965 per week reflects the suburb's comfortable living standards and economic stability.

Scoresby's community is diverse, with a mix of family types, including 31.1% of couple families without children and 15.4% of one-parent families. This diversity contributes to a rich community fabric, offering a welcoming environment for various family structures. The suburb's proximity to schools, parks, and shopping centers, combined with its peaceful atmosphere, makes Scoresby a desirable location for those seeking a balanced lifestyle away from the hustle and bustle of the city.

Scoresby infrastructure, key developments and investment opportunities

Scoresby is benefiting from ongoing investments in local education, notably with established public and Catholic schools such as Scoresby Primary School, Scoresby Secondary College, and St Jude the Apostle School, supporting strong family demand for homes in the suburb[4]. The area remains well connected to employment hubs via key arterial roads, including Stud Road and Ferntree Gully Road, which help maintain property desirability and accessibility for commuters[1][10].

There are currently no major infrastructure projects, significant redevelopments, or council planning changes publicly announced that are likely to impact Scoresby's property market in the near term. The established nature of Scoresby, proximity to parks and open space, and consistent school catchments continue to underpin stable property values and a strong rental market[4][2].

Scoresby rental market trends

The rental market in Scoresby has experienced moderate growth, with house rents increasing by 7.4% over the past year to $628 per week. However, unit rents have remained unchanged, reflecting a potential lack of available units or demand in this segment. Scoresby continues to attract interest due to its suburban appeal and proximity to Melbourne's amenities.

Suburbs near Scoresby

Some popular suburbs near Scoresby include:

How does Scoresby compare to nearby suburbs?

  • Median house prices: Scoresby’s median house price is 11.2% higher than Ferntree Gully’s.
  • House price growth: Over the past 12 months, house prices in Scoresby have grown 2.5% higher than in Rowville.
  • Unit price growth: Over the past 12 months, unit prices in Scoresby have grown 30.0% higher than in Rowville.
  • Selling speed for houses: Properties in Scoresby are selling 17.1% faster than in Rowville.
  • House price growth: Over the past 12 months, house prices in Scoresby have grown 1.7% lower than the average rate of growth across Melbourne.
  • Unit price growth:Over the past 12 months, unit prices in Scoresby have grown 25.9% higher than the average rate of growth for units across Melbourne.

Common questions about Scoresby

  • Is Scoresby a nice place to live?

    Scoresby is a charming suburb that offers a delightful blend of tranquility and convenience, making it a wonderful place to call home. Nestled in Melbourne's eastern region, Scoresby is known for its peaceful, family-friendly vibe, which is perfect for those looking to escape the hustle and bustle of city life. The suburb boasts a variety of parks and green spaces, providing ample opportunities for outdoor activities and relaxation. This makes it an ideal location for families who enjoy spending time in nature and want their children to grow up in a safe and nurturing environment.

    The suburb's proximity to major roadways ensures that residents have easy access to the broader Melbourne area, enhancing its appeal for professionals who commute to the city. Scoresby offers a range of amenities, including shopping centers, cafes, and community services, ensuring that all the essentials are within easy reach. The presence of several reputable schools further adds to its attractiveness for families, providing quality education options close to home.

    While Scoresby offers a serene lifestyle, it does come with some trade-offs. The suburb lacks the vibrant nightlife and cultural attractions found in the inner city, which might be a consideration for those who crave a more dynamic social scene. However, this is balanced by the strong sense of community and the peaceful environment that Scoresby provides. Safety is generally not a major concern, contributing to the suburb's reputation as a secure and stable place to live.

    Overall, Scoresby is a delightful suburb that offers a balanced lifestyle with its mix of suburban charm and modern conveniences. It's particularly well-suited for families and those seeking a quieter, more relaxed pace of life, while still being connected to the amenities and opportunities of Melbourne. Whether you're raising a family or simply looking for a peaceful place to settle down, Scoresby is a suburb that promises a high quality of life.

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  • Is it expensive to live in Scoresby?

    Living in Scoresby can be considered moderately expensive, especially when compared to the broader Victorian state averages. The median house price in Scoresby stands at $1,000,000, which is a significant investment for potential homeowners. With no current data on unit prices, those looking for more affordable housing options might find limited choices. Renting a house in Scoresby costs about $628 per week, which is relatively high compared to other suburban areas.

    The average annual wage in Scoresby is $98,000, which aligns with the Victorian state average. However, with the median total household income at $1,965 per week, a substantial portion of income would likely go towards housing costs, whether buying or renting. This suggests that while Scoresby offers a comfortable lifestyle, it requires careful financial planning to manage the expenses associated with living in this suburb.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Scoresby a good place to invest?

    Scoresby presents a stable investment opportunity, particularly for those interested in rental income. Over the past year, the suburb has seen a modest 3.0% increase in median house values, indicating steady growth. While unit values have remained unchanged, the rental market tells a different story. House rents have surged by 7.4%, suggesting strong demand from tenants, which could be appealing for investors focused on rental yields.

    Although unit values and rents have not experienced growth, the stability in these figures might appeal to investors looking for low-risk options. Scoresby's family-friendly atmosphere and proximity to essential amenities make it an attractive choice for long-term renters, which can ensure consistent rental income. While it may not offer the rapid capital growth seen in some other suburbs, Scoresby provides a reliable and steady investment environment, particularly for those prioritizing rental returns over quick capital gains.

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Choose the right real estate agents in Scoresby

Choosing the right real estate agent in Scoresby can have a big impact on your sale. While there are 48 real estate agents working in the suburb, but just 5 of them were responsible for 40.7% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 1.71% to 2.57%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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